AAII bull-bear spread is still deep in negative territory [a lot have fallen for the macro FUD]

Retail traders net bought $40B in April setting new record for the largest monthly inflow. [the narrative of retail triggering short squeezes and liquidating hedge funds is about to make a comeback]

Solid headlines on jobs data but the overall trajectory for US unemployment rate is up. Permanent job losers have moved up to a cycle high, initial jobless claims are also picking up.

🚨Trump on economy: Fed should lower its rate [he's damn right]

T1Alpha: Starting next week we should see 1-month realized volatility start to decline. We expect these massive buying flows to flood the market throughout next week. CTA and Vol Control funds both poised to add exposure over the next several weeks.

SPX continues its sharp recovery but traders are still positioned short and complacent. A swing high would catch many off guard.

🚨NYT: Beijing considers sending top security official to meet Trump team on fentanyl precursors. Wang Xiaohong has been inquiring what it would take to ease Trump’s grievances, possibly paving way for resumed negotiations.

🚨Taiwanese Dollar surges 4% to 5% against the USD in largest daily gain since 1988, biggest move in 40 years [looks like Taiwan made a deal]

The EU has officially passed the Anti-Money Laundering Regulation (AMLR) banning all financial institutions and crypto service providers from offering anonymous crypto accounts or wallets starting July 1, 2027 -EUCI

BoA: Crypto $2.3bn inflow, past 2 weeks biggest inflow of '25 ($4.8bn)

The US dollar has seen so far its worst run of any of the last 7 presidents

🚨New Coinbase Bitcoin ad [this is not bearish]

Bessent WSJ Editorial: The American people should expect to hear the engine humming during the second half of 2025. We'll see less national debt and less dependence on China—all while maintaining a strong dollar.

🚨US Bitcoin ETFs bought 18,644 BTC last week, nearly 6x more than 3,150 BTC produced by miners in the same week.

@bullcase

Trump: I'm a big fan of crypto because I want to keep it away from China

@bullcase

PumpFun surpasses Ethereum capturing $294 million in fees so far this year. In addition, PumpFun's weekly fee capture level has also surpassed Ethereum for the 9th consecutive week -source

@bullcase

Trump orders 100% tariff on Bollywood and other foreign films, calls them security threat.

@bullcase

BTC.D has reached major resistance, while ETHBTC is at key support. Your conviction is about to be rewarded.

@bullcase

🚨Bloomberg's James Seyffart: Canary Fund Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early & delayed a bunch of filings but not this. If any asset has a chance of early approval it's Litecoin.

@bullcase

Corporations have fallen for the macro FUD and aren't investing at the moment. As soon as tariff uncertainties are resolved, there will be a massive catch-up effect.

@bullcase

Tether CEO Paolo Ardoino has announced Tether AI, a fully open-source AI runtime designed to run on any hardware or device, requiring no API keys and having no central point of failure. It is fully modular and composable. Notably, the AI runtime will integrate WDK (presumably Tether’s developer kit) to support payments using USDT and Bitcoin. -announcement

@bullcase